Golden Rules to Save Your Online Poker Bankroll
It’s a good idea to always protect your poker bankroll. When players are sitting at a table with chips or cash in front of them, they tend to be more careful than they are when they’re hitting the online poker tables and looking at a stack of virtual chips. Even some of the best players have a way of running through their chips in a hurry. While it makes sense that bad table players would also lose a lot of money online, that doesn’t make sense for good table players. Playing online poker takes more discipline and control, because you’re running into stronger opponents and you have a faster pace. Let’s take a look at some tips to help you hold onto your chips online.
Stick to your Poker Bankroll
You need to have a poker bankroll that is large enough so that it seems like it will last forever, even though you know that you don’t have a bottomless stack. One way to do this is to ensure that no more than 5% of your roll is out on the table at any given time. Or consider pushing that down to 2%. That way you won’t have to worry about going broke from a single game. If you get out of control, things can go south in a hurry.
Don’t keep Looking at How Much you Have
Remember, you’re limiting the amount of your bankroll that’s on the table. And the money you gamble with isn’t money that you need to make it from one month to the next. This is just gravy, right? So keep your eyes off your balance. Sure, when you win, it feels good, but when you lose, and you look at your balance, your spirits drop. You start to want to see that balance jump back up again. The problem is that, in poker, winning money takes a long time, as you go up incrementally. You can make more money than you lose, but it takes a lot longer to make money than it does to lose it. You’ll be tempted to jump limits and throw more money on the table, and before you know it, you’ll have burned through your poker bankroll.
Be Serious with your Decisions
Ever decision that you make matters when you play online poker. Each mistake will cost you money, even if that mistake seems small at the time. The more mistakes you make, the more obstacles you have been yourself and profit. So you’re going to want to limit the distractions. There are some people who play better when they’re multitasking, so they might have a movie playing at the same time. There are others who need to keep their eye on the game at all times.
And here’s another thing — this isn’t something you do to pass the time. You’re doing it to make money. If you’re playing because you don’t have anything else to do, you’re not going to do the mental work to make the right decisions, and you will lose. Get up and go outside if you’re bored, or start that movie. Don’t throw money away.